Eurowings to hold talks with cabin crew as strike threat looms
People line up behind a barrier tape of Lufthansa's budget airlines Eurowings during a 24-hour strike over pay and working conditions at Cologne-Bonn airport, Germany October 27, 2016. REUTERS/Wolfgang Rattay
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
FRANKFURT (Reuters) - Lufthansa's
Eurowings said on Friday it aimed to hammer out an agreement with UFO quickly, adding mediation would be the best way to achieve this.
Lufthansa's Germanwings unit, which is being merged with Eurowings, has separately asked UFO to resume talks next week, Eurowings said.
Lufthansa cabin crew and pilots have embarked on a series of strikes over the last few years as the airline battles to reduce costs in order to compete with low-cost rivals and long-haul carriers with leaner cost bases.
On Thursday, cabin crew staged a 24-hour walkout at both Eurowings and Germanwings after talks on new contracts at Eurowings collapsed, forcing the two budget carriers to cancel hundreds of flights.
UFO has threatened to call for two more days of strikes next week.
Eurowings put forward a new offer last week that includes an average pay increase of around 7 percent. At Germanwings, UFO said it has failed to reach an agreement on part-time contracts.
(Reporting by Maria Sheahan; Editing by Edward Taylor and Mark Potter)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- California Governor Brown vows to fight Trump, calls for civility
- SEC fines Citigroup, Morgan Stanley over forex trading program
- Ex-Goldman programmer's code theft conviction reinstated by New York court
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!